CHART OF THE DAY: Home Prices Collapsing Even Faster

The Case-Shiller has been signalling an improvement in the second
derivative of housing prices for a few months, and in the latest
report it even showed a sequential increase. But check out the
NAR's numbers for all of Q2. The year-over-year drop in the
median sales price of single family homes showed its worst
decline ever. They didn't even have a second derivative gain
improvement.

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